- The Dow Jones advances 0.33% daily, quoting at the moment in 42,778.
- The Nasdaq 100 rises 0.12% in the day, reaching maximums not seen since February 24 in 24,467.
- The S&P 500 wins 0.16% on Monday, animated by UnitedHealth (UNH).
- The Moodýs credit agency cut the qualification of the sovereign debt of the United States to AAA1 from AA1.
- The president of the Fed of Atlanta, Raphael Bostic, said it only foresees a cut of interest rates for this year.
- John Williams, president of the New York Federal Reserve, highlighted the strength of economic data, although he recognized uncertainty in relation to international trade.
The Dow Jones marked a daily minimum in 42,232, finding buyers who took the index to maximum of March 7 in 42,832.
The Dow Jones industrial average opened 42,313, while the Nasdaq 100 technological index began operating at 21,383. The S&P 500 began negotiations in 5,921, consolidating within Friday’s operational range.
UnitedHealth and Merck & Company take Dow Jones to maximums of more than two months
The Dow Jones index rises 0.33% on Monday, currently quoting at 45,778.
The values of UnitedHealth (UNH) earn 7.70% today, reaching May 14 at 315.33 $., Signing its second consecutive upward day.
On the other hand, Merck & Company shares (MRK) advance 1.54% daily, visiting May 14 at $ 77.25, signing its third consecutive session with profits.
In this context, the Dow Jones rebounds 142 points, reaching maximums not seen since March 7 at 42,832.
Gilead Sciences and Take Two Interactive Software lead the profits at Nasdaq 100
The Nasdaq 100 technological index wins 0.12% on Monday, bouncing from May 13 at 21.039.
The titles of the titles of Gilead Sciences (Gild) rise 3.57% today, reaching maximums not seen since April 30 in 106.25 $, signing its third consecutive day up and leading the profits in Nasdaq 100.
In the same tune, the values of Take Two Interactive Software (TTWO) have a gain of 3.50% in the day, bouncing from May 14 at 225.45 $ until it reaches a maximum of the day at $ 235.72, consolidating within Friday’s operational range at 234.67 $.
The Nasdaq 100 advances 25 points, reaching maximums of February 24 at 21.039.
The S&P 500 ends Monday on Monday on positive field despite the credit cut to the United States
The Moody´s qualifying agency adjusted to the decline the sovereign debt of the United States to AA1 from AAA, citing an increase in the cost of financing of the debt, greater than that of sovereigns with similar grades, anticipating a federal load of GDP by 2035 of 134%.
At the same time, Raphael Bostic, president of the Atlanta Federal Reserve, said that the qualification reduction will affect the economy and financial markets. Similarly, it provides that only a cut of interest rates this year will be presented.
On the other hand, the President of the Federal Reserve of New York, John Williams, highlighted the strength of economic data in his speech today, although he recognized uncertainty in relation to international trade.
In this context, the S&P 500 presents a gain of 0.12% on Monday, signing its sixth consecutive session, consolidating at maximum March 3 in 5,962. The actions of Unitedhealth (UNH) rebound 8.21% in the day, reaching maximum of May 14 in 316.9 $, spinning two consecutive days with profits.
Technical Analysis of Dow Jones
The Dow Jones established a short -term support given by the minimum of May 6 in 40,747. The following key support is 36.614, minimum of April 7. Upwards, the important resistance is observed at 45,068, pivot point of January 31.
Dow Jones daily graphics
Dow Jones Faqs
The Dow Jones Industrial Avenge, one of the oldest stock market indexes in the world, consists of the 30 most negotiated values in the United States. The index is weighted by the price instead of capitalization. It is calculated by adding the prices of the values that compose it and dividing them by a factor, currently 0.152. The index was founded by Charles Dow, also founder of the Wall Street Journal. In recent years it has been criticized for not being sufficiently representative, since it only follows 30 companies, unlike broader rates such as S&P 500.
There are many factors that promote the Dow Jones Industrial Average (DJIA) index. The main one is the added performance of the companies that compose it, revealed in the quarterly reports of business benefits. The American and world macroeconomic data also contribute, since they influence investor confidence. The level of interest rates, set by the Federal Reserve (FED), also influences the DJia, since it affects the cost of credit, on which many companies depend largely. Therefore, inflation can be a determining factor, as well as other parameters that influence the decisions of the Federal Reserve.
Dow’s theory is a method to identify the main trend of the stock market developed by Charles Dow. A key step is to compare the direction of the Dow Jones Industrial Avenge (DJIA) and the Dow Jones Transportation Average (DJTA) and just follow the trends in which both move in the same direction. The volume is a confirmation criterion. The theory uses elements of maximum and minimum analysis. Dow’s theory raises three phases of the trend: accumulation, when intelligent money begins to buy or sell; Public participation, when the general public joins the trend; and distribution, when intelligent money abandons the trend.
There are several ways to operate with the DJ. One of them is to use ETF that allow investors to negotiate the DJ as a single value, instead of having to buy shares of the 30 companies that compose it. An outstanding example is the SPDR Dow Jones Industrial Avenge ETF (day). Future contracts on the DJ allow the specular operators about the future value of the index and the options provide the right, but not the obligation, to buy or sell the index at a predetermined price in the future. Investment funds allow investors to buy a part of a diversified portfolio of DJ values, which provides exposure to global index.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
